Monthly Archives: July 2011

Back in June I wrote a blog post about my own experience with a trust fund—a rigid irrevocable trust—which was very negative for me. In several years of interviewing inheritors for The Inheritance Project I never heard of an irrevocable trust that the beneficiary found to be helpful. So let’s move on.

There are many kinds of trust funds, but the most relevant for wealthy parents and their children fall into two categories: inter vivos, or “living trusts,” and testamentary trusts. The first of these is created so that the beneficiary (or beneficiaries) receive trust income, and often also distributions of principal, during their lifetimes. Inter vivos trusts can be created to start paying out to beneficiaries at any age. Twenty-one is probably the most common age for a trust to begin to distribute to a beneficiary; some distribute as early as eighteen; and some distribute later, or in stages. What is the best age? There is no one correct answer to this question, and much depends on the beneficiaries—how mature and responsible, or immature and reckless, they are when they come into their money. There is no one-size-fits-all solution. Continue reading

The Inheritance Project attempts to second-guess Google’s mysterious ranking system

OK, I have a confession: I have been writing blog posts for months in the hopes of attracting the attention of Google’s top-secret ranking algorithms, which (so I’m told) is changed frequently to keep web sites from beating the famous Google system. I don’t really know what I’m doing, but I keep trying.

I have been advised to use certain expressions, such as inherited wealth, wealth transfer, the particularly odious “high-net-worth individuals” (in other words, filthy -rich people), and, of course the name The Inheritance Project, as well as the tittles of some of the publications. I never know what will work. Continue reading